ICON (X10) - ICX/BTC - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.000450 BTC
My targets
0.000470 BTC (+3.52%)
0.000503 BTC (+10.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICON PROJECT (X10) - ICX/BTC as long as the price remains well above 0.000450 BTC. The buyers” bullish objective is set at 0.000470 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000503 BTC. If there is any crossing, the next objective would be the resistance located at 0.000550 BTC. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The ICON PROJECT (X10) - ICX/BTC price is 0.000454 BTC. On the day, this instrument gained +6.08% and was traded between 0.000426 BTC and 0.000464 BTC over the period. The price is currently at +6.57% from its lowest and -2.16% from its highest.0.000426
0.000464
0.000454
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ICON PROJECT (X10) - ICX/BTC in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.000409 | 0.000438 | 0.000450 | 0.000454 | 0.000550 | 0.002478 | 0.005162 |
| Change (%) | -9.91% | -3.52% | -0.88% | - | +21.15% | +445.81% | +1,037.00% |
| Change | -0.000045 | -0.000016 | -0.000004 | - | +0.000096 | +0.002024 | +0.004708 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000397 | 0.000409 | 0.000419 | 0.000431 | 0.000441 | 0.000453 | 0.000463 |
| Camarilla | 0.000422 | 0.000424 | 0.000426 | 0.000428 | 0.000430 | 0.000432 | 0.000434 |
| Woodie | 0.000395 | 0.000409 | 0.000417 | 0.000431 | 0.000439 | 0.000453 | 0.000461 |
| Fibonacci | 0.000409 | 0.000418 | 0.000423 | 0.000431 | 0.000440 | 0.000445 | 0.000453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000298 | 0.000331 | 0.000384 | 0.000417 | 0.000470 | 0.000503 | 0.000556 |
| Camarilla | 0.000413 | 0.000421 | 0.000429 | 0.000437 | 0.000445 | 0.000453 | 0.000461 |
| Woodie | 0.000308 | 0.000336 | 0.000394 | 0.000422 | 0.000480 | 0.000508 | 0.000566 |
| Fibonacci | 0.000331 | 0.000364 | 0.000384 | 0.000417 | 0.000450 | 0.000470 | 0.000503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000228 | 0.000269 | 0.000293 | 0.000334 | 0.000358 | 0.000399 | 0.000423 |
| Camarilla | 0.000299 | 0.000305 | 0.000311 | 0.000317 | 0.000323 | 0.000329 | 0.000335 |
| Woodie | 0.000220 | 0.000265 | 0.000285 | 0.000330 | 0.000350 | 0.000395 | 0.000415 |
| Fibonacci | 0.000269 | 0.000294 | 0.000309 | 0.000334 | 0.000359 | 0.000374 | 0.000399 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.98 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 21.113093 | |
| AROON (14): | 85.714283 | |
| DEMA (21): | 0.000447 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000435 | |
| Elder Ray (13): | 0.000013 | |
| Super Trend (3,10): | 0.000441 | |
| Zig ZAG (10): | 0.000453 | |
| VORTEX (21): | 1.1825 | |
| Stochastique (14,3,5): | 85.86 | |
| TEMA (21): | 0.000453 | |
| Williams %R (14): | -31.58 | |
| Chande Momentum Oscillator (20): | 0.000022 | |
| Repulse (5,40,3): | -0.3211 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1018 | |
| Courbe Coppock: | 10.81 |
| MA7: | 0.000431 | |
| MA20: | 0.000373 | |
| MA50: | 0.000359 | |
| MA100: | 0.000342 | |
| MAexp7: | 0.000451 | |
| MAexp20: | 0.000441 | |
| MAexp50: | 0.000436 | |
| MAexp100: | 0.000430 | |
| Price / MA7: | +5.34% | |
| Price / MA20: | +21.72% | |
| Price / MA50: | +26.46% | |
| Price / MA100: | +32.75% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +2.95% | |
| Price / MAexp50: | +4.13% | |
| Price / MAexp100: | +5.58% |
Quotes :
2020-07-13 14:05:58
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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